Maryland casinos survive capacity-constrained December

Maryland’s six casinos had a disappointing December after the two largest operators saw their already limited capacity further reduced mid-month due to the state’s soaring COVID-19 infection rate. 

Figures released Tuesday by the Maryland Lottery & Gaming Agency show statewide casino gaming revenue of nearly $119.4m in December, down 20% from the same month last year and $11m below November 2020’s total.

The state’s two largest casinos – MGM National Harbor and Cordish Gaming’s Live! Casino & Hotel – saw their already pandemic-restrained capacity of 50% reduced to just 25% last month. The state’s third-largest casino, Caesars Entertainment’s Horseshoe Baltimore, was already limited to 25% capacity when December began. 

Despite those limitations, National Harbor reported gaming revenue of $48.5m in December, down only 22.5% year-on-year, while Live! fared even better, falling just 17.2% to $42.9m. The perpetually challenged Horseshoe, on the other hand, was down nearly one-third year-on-year to just $12.7m.